Waking Dragon: The Emerging Chinese Economy and Its Impact on the World

At the dawn of the 21st century, China has emerged as the "factory floor" for global production, providing the world with cheap goods at the astonishingly low "China price". But there is a very steep price to pay for these low-budget consumables - a price that very well may have dire consequences for the health and security of the planet.In this eye-opening series of lectures, business professor and best-selling author Peter Navarro dissects the coming China wars and their implications for all mankind. China's predatory economic policies are not just about inexpensive goods pricing out the competition. China's rapid economic growth has serious implications for issues ranging from oil prices and energy security to global warming and environmental pollution - and from U.S. political independence and financial market stability to hot-war military conflict.Napoleon once said, "Let China sleep, for when she wakes, she will shake the world." Over the last 30 years, China has not merely risen from its slumber; its economic growth rate has been nothing short of astounding. Through this incredible growth process, China has now emerged as the powerhouse of global production. It sells to the world at competition-crushing low prices, often undercutting foreign competitors by 50 percent or more, and we as consumers benefit greatly.Unfortunately, this story doesn't end with a cornucopia of cheap Chinese goods. Rather, it is a story about how the rapid and often chaotic industrialization of the most populous country on the planet has put China on a collision course with the rest of the world. With Professor Navarro's course, you will receive not only a detailed analysis of the burgeoning Chinese economy, but a long-range overview of the risks facing the world because of China's unsustainable rate of development.